Industrialization and Energy Services Company (“TAQA”) and the shareholders of Al Mansoori Petroleum Services LLC (“AMPS”) have announced today that they have entered into a definitive agreement for TAQA to acquire 100% of AMPS, expanding TAQA’s Well Services business from Saudi Arabia to the wider Middle East and North Africa (“MENA”) region. The transaction […]
Deal & transactions
Egypt
Energy & Trading
Elsewedy Electric secures contracts valued at USD113 m in Toshka
Elsewedy Electric for Trading and Distribution, a subsidiary of Elsewedy Electric, has signed three contracts worth EGP 2.2 billion (approx USD 113.3 million) to establish transformer stations in the South Valley Development project which aims to reclaim 375,000
Deal & transactions
Energy & Trading
Other
Airut advises MEP in connection to Iraq-based Hydropower plant
Airut Law Offices (“Airut”) has advised Middle East Power (“MEP”) in respect to the drafting and review of the Operation and Maintenance Agreement for the Deralok 37 MW hydropower plant located in Duhok, Kurdistan Region Governorate,
Integrated energy company, Eni has successfully completed the acquisition of BP’s two gas-producing concessions “in Amenas” and “in Salah” jointly operated with Sonatrach and Equinor. This acquisition has an important strategic value
Deal & transactions
Transport
United Arab Emirates
Maersk to expand distribution capacity in new Dubai South complex
Maersk Kanoo UAE (“Maersk”), the global integrated logistics company, signed an agreement with Dubai South, a single-urban master development focusing on aviation, logistics and real estate, for its new warehousing and distribution facility in
Deal & transactions
TMT
United Arab Emirates
Beeah Digital and Khazna Data Centers join forces on JV
Beeah Digital, Beeah Group’s digital transformation and future technology business, and Khazna Data Centers (“Khazna”), wholesale data centre providers in the MENA Region, have formed a joint venture that will bring to Sharjah
Deal & transactions
Other
Real Estate, Construction & Infrastructure
Northacre collaborates with St. Regis for No. 1 Palace Street
Northacre, a subsidiary of asset management and investment banking platforms Shuaa Capital, has joined forces with St. Regis hotel brand at No 1 Palace Street. The collaboration on the project located opposite Buckingham Palace, is testament
Banking & Finance
Deal & transactions
United Arab Emirates
First Abu Dhabi Bank enters into a partnership with Silver
First Abu Dhabi Bank (“FAB”) has signed a partnership agreement with Silver Birch Finance Limited (“Silver Birch”) to offer inventory solutions to local and international clients. This partnership enables FAB and Silver Birch
Deal & transactions
Oil & Gas
United Arab Emirates
ADNOC awards an AED2b contract for Lower Zakum field gas line
Abu Dhabi National Oil Company (“ADNOC”) has awarded a AED2.01 billion (USD548 million) contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi. The Engineering, Procurement and Construction (
Riad & Riad advises the consortium of China Railway Engineering Corporation (“CREC”) and AVIC International Holding Corporation (“AVIC INTL”) as the EPC contractor of the 10th of Ramadan Light Rail Transit (LRT). Measuring 67 kilometers in
